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1/114 Majors Bay Road, Concord, NSW, 2137
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1. Property Summary
Selling Details
Contact Agent
Land Area
390 m² (*approx)
Floor Area
287 m² (*approx)
Property Type
Child/Healthcare
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2. Property Highlights
SECURE MEDICAL INVESTMENT WITH A 10 X 10 YEAR LEASE
- 10 X 10 YEAR LEASE
- SECURE MEDICAL INVESTMENT
- ANNUAL NET INCOME $273,180.00 + GST
This high income, long lease, essential service investment in the heart of Concord, will be auctioned by the exclusive selling agents, Belle Property Commercial. This Medical Centre has been servicing the local Concord community and broader inner west with GP services for over 25 years. With a 10 x 10 year leases in place and an annual income of in excess of $273,000.00 + GST per annum nett, this is a set and forget income generating asset for your portfolio.
Features Include:
- Annual Nett Income $273,180.00 + GST
- Rental increase April 2022 to $281,376.00 + GST
- Tenant Pays all outgoings
- Floor Area – 250sqm
- Heart of Majors Bay Road – Main Street of Concord
- Lease Expiry April 2028
- Option until 2038
The Auction will be held on Tuesday 26th October 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000
Remember to mention you found this property on CommercialReady.com.au
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Tenanted Investment
1. Property Summary
Property Type
Child/Healthcare
Land Area
390 m² (*approx)
Floor Area
287 m² (*approx)
Selling Details
Contact Agent
2. Property Highlights
SECURE MEDICAL INVESTMENT WITH A 10 X 10 YEAR LEASE
- 10 X 10 YEAR LEASE
- SECURE MEDICAL INVESTMENT
- ANNUAL NET INCOME $273,180.00 + GST
This high income, long lease, essential service investment in the heart of Concord, will be auctioned by the exclusive selling agents, Belle Property Commercial. This Medical Centre has been servicing the local Concord community and broader inner west with GP services for over 25 years. With a 10 x 10 year leases in place and an annual income of in excess of $273,000.00 + GST per annum nett, this is a set and forget income generating asset for your portfolio.
Features Include:
- Annual Nett Income $273,180.00 + GST
- Rental increase April 2022 to $281,376.00 + GST
- Tenant Pays all outgoings
- Floor Area – 250sqm
- Heart of Majors Bay Road – Main Street of Concord
- Lease Expiry April 2028
- Option until 2038
The Auction will be held on Tuesday 26th October 2021 at 10:30am at Auctionworks - 50 Margaret Street, Sydney NSW 2000
Remember to mention you found this property on CommercialReady.com.au
Read More
